Chapter
The Impact of Decentralization on Society
50:12 - 58:03 (07:51)
This week's events with Parler and the Robinhood trading app display a growing trend of individuals using social media as a mechanism for sharing and communicating their beliefs, which can create a collective outcome that wouldn't have happened in a centralized system. This could lead to decentralization and new ways of trading, communicating, and building.
Clips
The speaker questions whether bad things happening in business are a result of an integrity issue or just people running too fast, and highlights the importance of doing the right thing.
50:12 - 52:01 (01:49)
Summary
The speaker questions whether bad things happening in business are a result of an integrity issue or just people running too fast, and highlights the importance of doing the right thing.
ChapterThe Impact of Decentralization on Society
EpisodeE19: Breaking down Robinhood's GameStop decision: Why did it happen and how can it be prevented in the future?
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
As online services continue to shut down websites like Parler and Robinhood, they force people to decentralize and embrace new ways of trading, communicating, and building.
52:01 - 56:25 (04:24)
Summary
As online services continue to shut down websites like Parler and Robinhood, they force people to decentralize and embrace new ways of trading, communicating, and building. The phenomena where individuals can believe something to be true and make it true has become impactful societally over time, specifically in the story of Elon Musk and Tesla.
ChapterThe Impact of Decentralization on Society
EpisodeE19: Breaking down Robinhood's GameStop decision: Why did it happen and how can it be prevented in the future?
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The use of rules to weaponize a platform and shut down outsiders and upstarts comes to light as Discord cuts off communication among GameStop traders.
56:25 - 58:03 (01:38)
Summary
The use of rules to weaponize a platform and shut down outsiders and upstarts comes to light as Discord cuts off communication among GameStop traders. Discord was manipulated by hedge funds who screened any post that could be plausibly characterized as hate speech as they were not allowed to trade anymore.